During the forecast period, the Global Thermal Printing Market will be driven by a strong distribution network between key players and distribution channels. Over the forecast period, the Global Thermal Printing Market is expected to grow due to rising global population and disposable income. Competitive pricing from new entrants is expected to restrain global thermal printing market growth over the forecast period. Brother Mobile Solutions, Inc. (BMS), a prominent player in industrial printers, desktop, mobile, and handheld labelling tools, introduced a Titan Industrial Printer series in March 2021, these printers capable of delivering high speed with enhanced features such as internal rewinders for broader usability. During the forecast period, the emergence of new printing methods is expected to hamper the global thermal printing market.
According to Coherent Market Insights, the global Thermal Printing Market is estimated to account for US$ 44,539.2 Mn in terms of value by the end of 2021 and is expected to grow at a CAGR of 4.5% during the forecasted period (2022-2030).
Key Competitors in the Thermal Printing Industry:
1. Zebra Technologies Corporation
Zebra was incorporated in 1991 as Data Specialties Incorporated, a manufacturer of high-speed electromechanical products. In 2021, Zebra acquired Adaptive Vision, Fetch Robotics, and Antuit.ai. Zebra Technologies is a global leader in barcode printing and RTLS technology including printers, RFID, software, and supplies. Zebra’s extensive portfolio of solutions gives real-time visibility into everything from products and physical assets to people.
2. TSC Auto ID Technology Co., Ltd.
TSC Auto ID Technology Co., Ltd. engages in the research and development, manufacture, and marketing of barcode printers and related peripheral accessories to customers in the automatic identification system industry market worldwide. The company was founded in 1991 and is headquartered in New Taipei City, Taiwan. In 2015, the company acquired the Printronix Thermal/AIDC Business
3. Toshiba TEC Corporation
On January 2021, has unveiled its new BV400D thermal barcode printer series. With increased performance and durability, these new desktop printers are claimed to be the most powerful devices Toshiba has ever designed. Toshiba Tec Corporation, together with its subsidiaries, develops, manufactures, sells, and maintains retail and printing solutions in Japan, the Americas, Europe, Asia, Oceania, the Middle East, and Africa. The company was incorporated in 1950 and is headquartered in Tokyo, Japan. Toshiba Tec Corporation is a subsidiary of Toshiba Corporation.
4.Honeywell International, Inc.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company's Honeywell Building Technologies segment provides software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; and installation, maintenance, and upgrades of systems. The company was founded in 1885 and is headquartered in Charlotte, North Carolina.
5. Bixolon Co., Ltd.
Bixolon Co., Ltd. is a global printer manufacturer including POS Printers, Label Printers, and Mobile Printers. BIXOLON believes that printing technology is an essential tool, which contributes to the business world as well as to the general public. The company was founded in 2002, headquartered in South Korea.
6. Citizen Holdings Co., Ltd.
Citizens Holding Company operates as the bank holding company for The Citizens Bank of Philadelphia that provides various commercial and personal banking products and services. Citizens Holding Company was founded in 1908 and is headquartered in Philadelphia, Mississippi.
7. Star Micronics Co., Ltd.
Star Micronics Co., Ltd. produces and sells point-of-sale printers, machine tools, and precision products worldwide. It offers small printers, including thermal, dot matrix, hybrid, and portable printers; thermal and dot matrix printer mechanisms; cash drawers; control boards; peripherals; and accessories/options. The company was founded in 1947 and is headquartered in Shizuoka, Japan. In 2016, Star Micronics Introduced the TSP650IIcloudPRNT Thermal Receipt Printer
8. HP Seiko Epson Corporation
Seiko Epson Corporation, together with its subsidiaries, develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses. It operates through three segments: Printing Solutions, Visual Communications, and Manufacturing-related and Wearables segments. The company was incorporated in 1942 and is headquartered in Suwa, Japan. On March 2022, company istrduced Monna Lisa ML-64000: a High-speed, high-productivity inkjet digital textile printer with 64 PrecisionCore printheads
9. SATO Holdings Corporation
Sato Holdings Corporation engages in the manufacture and sale of labeling products in Japan and internationally. It offers printers, consumables, cloud-based preventative maintenance solution, hand labelers, stickers and primary labels, primary package consulting, radio frequency identification tags, troubleshooting assistance, and maintenance services. The company was founded in 1940 and is headquartered in Tokyo, Japan.
10. HP INDIA SALES PRIVATE LIMITED
HP Inc. provides personal computing and other access devices, imaging and printing products, and related technologies, solutions, and services in the United States and internationally. The company operates through three segments: Personal Systems, Printing, and Corporate Investments. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.
*Definition- Thermal printing is a digital printing technology that creates printed images by selectively heating thermal paper as it passes over the thermal print head.
